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...In November, Rakuten sold about a fifth of its Rakuten Securities unit to Mizuho Securities. It raised ¥70bn by selling part of its stake in Rakuten Bank during the listing of the latter last month....
...Rakuten Bank rose as much as 40 per cent in its debut on Friday, raising about $620mn....
...One broker at a Japanese securities firm not involved in the IPO said it was not surprising that the promise of the Rakuten Bank listing had not raised the share price of Rakuten Group....
...The biggest IPO so far this year, of Rakuten Bank, raised $625mn in April....
...At about 3 times book value, Rakuten Securities’ valuation is more than 4 times that of Japan’s biggest online brokerage SBI....
...“It’s a total dreamworld for Rakuten Mobile....
...A version of this article was first published by Nikkei Asia on July 30. ©2022 Nikkei Inc. All rights reserved....
...Rakuten has won its first contract to export 5G network-building technology to German wireless carrier 1&1. It is the turnround opportunity the lossmaking company needs....
...Between 2018 and 2021, the price of an Uber or Lyft increased by 92 per cent, according to Rakuten Intelligence....
...The investigation into the App Store comes after a complaint from Spotify in March 2019 and a subsequent complaint from ereader company Kobo over how Apple takes a 30 per cent commission on every subscription...
...The cost of a ride from a ride-sharing app such as Uber or Lyft increased 92 per cent between January 2018 and July 2021 in the US, according to research firm Rakuten Intelligence....
...Rakuten pioneered online shopping in the late 1990s. Amazon was a late contender....
...Shares in Rakuten, which will be sold for ¥1,145 a share, jumped 8.6 per cent to ¥1,245 on Friday, while Japan Post rose 4.9 per cent....
...Rakuten’s 5G lifelineJapan’s biggest ecommerce group may have just found its salvation. Rakuten has won its first contract to export 5G network-building technology to German wireless carrier 1&1....
...Alongside the investment, Rakuten will dramatically expand its delivery network and put its brand in front of older shoppers who use post offices....
...“Our trade secrets are stored on Rakuten Mobile’s corporate PC used by our former employee, and we believe there is a high possibility that Rakuten Mobile is using our trade secrets in some form,” it said...
...Cisco is already working with Japanese ecommerce company Rakuten on building a mobile network based on the new technology, with US start-up Altiostar supplying the key software at the heart of the system...
...Cabify’s big investors include Japan’s Rakuten, with 40 per cent of the shares, and Spain’s Seaya, with about 10 per cent. Employees, including Mr De Antonio, retain about 25 per cent....
...“Rakuten Mobile is not one of the pieces. It is the centre of our ecosystem,” she said....
...The agreement with Rakuten follows a two-year partnership between Walmart and the ecommerce group aimed at cracking Japan’s nascent but growing grocery delivery market....
...The worst internet rebrand I can recall is the hubris shown by the Japanese group Rakuten to change the does-what-it-says-on-the-tin retail site Buy.com to Rakuten.com after it bought it in 2010....
...DoorDash has chosen to compete not only with the relatively established likes of Uber Eats and domestic specialists such as Demae-can and Rakuten, but also with others that have turned up recently with plans...
...A version of this article was first published by Nikkei Asia on March 1 2021. ©2021 Nikkei Inc....
...Tareq Amin, chief technology officer of Rakuten Mobile, said: “This is a defining moment for industry transformation”....
...Rakuten Securities, another Japanese broker, said the number of individual domestic investors who had bought GameStop shares using its platform increased 15 times between last Thursday and Monday....
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